CALGARY , March 18, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (WCP.TO) and Invicta Energy Corp. ("Invicta") (VCA.V) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Whitecap of all the issued and outstanding common shares of Invicta (the "Transaction"). Invicta is a light oil-weighted public energy company with its operations immediately offsetting Whitecap's lands and Viking [Read more]
News
Northern Gateway panel tangled in complex web of aboriginal rights, title
By Dene Moore and Will Campbell A top Northern Gateway Pipelines official says the company is trying to balance the many competing interests in the project, and realizes it may be impossible to satisfy them all. Federal review hearings into the $6-billion pipeline project continue Monday in Prince Rupert, where the three-person panel has been hearing about the company’s aboriginal engagement and public consultation. “I think it is important to understand this is a very diverse [Read more]
Redford government spends $30,000 on pro-Keystone ad in New York Times
The Alberta government, continuing to press its case for the Keystone XL pipeline, took out an ad in Sunday’s New York Times newspaper, tying the controversial project to core American values and to U.S. pride in its military. The half-page ad is headlined “Keystone XL: The Choice of Reason.” It acknowledges the validity of environmental concerns, but stresses the $7-billion pipeline is about much more than that. “America’s desire to effectively balance strong environmental [Read more]
Calgary police charge woman with $1.6M fraud from 5 oil companies
CALGARY - A Calgary woman has been charged with stealing more than $1.6 million from five oil and gas companies. Police say the woman worked in the payroll department at each company. It's alleged that over six years, she altered payroll deposits by either re-instating former employees, or creating fictional employees and directing their payroll deposits into her personal bank account. Roslyn Rhae Thomas, who is 44, is charged with fraud, theft and possession of stolen [Read more]
Anterra and Terrex Complete Business Combination
CALGARY, ALBERTA--(Marketwire - March 15, 2013) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) and Terrex Energy Inc. ("Terrex") (TSX VENTURE:TER) are pleased to announce the completion of the previously announced business combination by way of a court and securityholder approved, statutory plan of arrangement (the "Arrangement"). Effective March 14, 2013, Anterra acquired 100% of the issued and outstanding common shares in the capital of Terrex ("Terrex Shares"), in [Read more]
Canada rig count falls week over week as spring breakup nears
[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`366`137`503 Last Week`451`129`580 Last Year`370`147`517 Week over Week Change`-85`+8`-77 Year over Year Change`-4`-10`-14[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]
Donnybrook Announces Reserves
CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports the results of its December 31, 2012 Reserves Assessment and Evaluation of certain of its Alberta oil and gas properties, as evaluated by GLJ Petroleum Consultants ("GLJ") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). A summary of the Company''s reserves volumes according to reserve category as at [Read more]
Equal Energy Announces its Results for the Fourth Quarter and Year Ended December 31, 2012
CALGARY , Alberta, March 14, 2013 /CNW/ - Equal Energy Ltd. ("Equal","the Company", "we" or "our") (EQU) (EQU), an exploration and production oil and gas company is pleased to announce its financial and operating results for the three months and year ended December 31 , 2012. All dollar amounts are in Canadian dollars unless otherwise indicated and volumes are net of royalties. Don Klapko, President and Chief Executive Officer commented, "This past year was one of major transition for Equal [Read more]
Lone Pine Resources Announces Year-End 2012 NI 51-101 Reserves
CALGARY, ALBERTA--(Marketwire - Mar 14, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") (LPR) (LPR.TO) today announced the Company''s year-end 2012 estimated proved and probable reserves determined in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook, as evaluated by the Company''s independent qualified reserves evaluators, DeGolyer and MacNaughton [Read more]
Natural gas up almost 3%, highest since November; oil edges up on US jobs data
By The Associated Press NEW YORK, N.Y. - Natural gas rose almost three per cent Thursday, reaching its highest level since November as the U.S. government said supplies of the fuel are nearly 20 per cent below year-ago levels. Oil rose slightly after positive U.S. jobs data, with benchmark West Texas Intermediate crude for April delivery up 51 cents to end at US$93.03 a barrel on the New York Mercantile Exchange. Natural gas futures gained 13 cents, or 3.6 per cent, to finish at US$3.81 [Read more]